Canada’s government on Monday announced it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission.
The announcement followed encouragement by U.S. national security advisor Jake Sullivan during a meeting with Canadian Prime Minister Justin Trudeau and cabinet ministers on Sunday. Sullivan is set to make his first visit to Beijing on Tuesday.
Trudeau said Canada also will impose a 25% tariff on Chinese steel and aluminum.
“Actors like China have chosen to give themselves an unfair advantage in the global marketplace,” he said.
That’s a strawman. I never said the US was operating in a completely free market, I used the VC example because it’s relatable. We all remember when Uber and Amazon were cheap and we were told that these new cheap prices were the new norm. Then the VC capital ran out in the case of Uber and the online market was monopolized in the case of Amazon and the prices are now higher because existing competition was destroyed.